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Thursday, November 16, 2017

Killing medical tax break will hammer U.S. middle-class seniors

(The writer is a Reuters columnist. The opinions expressed are his own.)

U.S. fund investors snub domestic stocks

NEW YORK (Reuters) - U.S. investors dashed into funds that buy stocks outside the country at the fastest pace since July, while pulling money out of domestic equities, Investment Company Institute (ICI) data showed on Wednesday.

Ackman sells Air Products, Nomad Foods positions, makes strong profit

NEW YORK (Reuters) - Activist investor William Ackman told his hedge fund clients on Wednesday that he liquidated positions in Air Products and Chemicals Inc and Nomad Foods Ltd, investments that earned them a lot of money.

Trian's Peltz claims win in proxy fight, P&G says not yet

(Reuters) - Activist hedge fund manager Nelson Peltz claimed victory in his fight to win a seat on Procter & Gamble Co's board after a preliminary tally of votes was released on Wednesday, but P&G refused to concede and said it wants to see a certified result before declaring a winner.

U.S. tax deductions: Grab them before they disappear

(The opinions expressed here are those of the author, a columnist for Reuters.)

At issue for Vanguard fund shareholders: how to manage success

SCOTTSDALE, Ariz. (Reuters) - Vanguard Group Inc staged the largest-ever mutual fund shareholder proxy meeting on Wednesday facing a problem competing asset managers would welcome: how to manage rapid growth without losing its traditional low-cost appeal.

Global wealth - a rising tide lifts all yachts: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.)

Wells Fargo CFO says not worried about consumer credit

(Reuters) - Wells Fargo & Co's chief financial officer said on Wednesday he is not worried that consumers are struggling to pay their debts.

Hedge funds bet on reinsurance recovery

LONDON (Reuters) - Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday.

Buffett's Berkshire slashes IBM stake, adds to Apple

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp , backing further away from an investment that the billionaire has admitted was not one of his best.